Seeking Alpha analyzed the agreement and concludes one of the most interesting aspect is the removal of all prior exclusivity deals. Basically, AMD now has full flexibility to manufacture products at other foundries, regardless of the node used.
The companies agreed to pricing and new annual wafer purchase targets for the years 2022-24. AMD currently estimates that it will purchase approximately $1.6B of wafers during the 2022-24 period, and the company will prepay "certain amounts" for the years 2022 and 2023.
Importantly, the revised agreement removes all prior exclusivity commitments, which gives AMD "full flexibility" to turn to other foundries for any product manufactured at any node.